Tom Heneghan, chief executive officer at US private equity firm Equity International, believes the country needs to do more to shed the perception that it's a comparatively high-risk market to invest in.
"We will be opening three new properties under the Gateway brand in India by end of 2015 taking the total tally under the brand to 28," Verma said.
Stable rupee, lower inflation will bring in large investments, says Tom Heneghan, CEO, Equity International
'Hospitality is an asset class that international investors can get interested in without any regulatory issues.'
Food cos, fashion brands & auto firms using bloggers to create buzz on social media around products & brands
“Most bloggers have between 1000-6000 followers; which isn’t a big number, but have a very different impact than traditional media channels do.”
India should create space for mass tourism like Cancun in Mexico and take tourism lessons from Thailand and Egypt, says Simon Cooper.
“Within three years we have worked with a number of global hotel operators to launch strong hotel products and brands in India," Jakhanwala said.
Occupancy rate for the entire region rose 0.9% yearon-year to 69.2% in September, while the average daily room rate fell 2.2% to $112.31 and RevPAR slipped 1.3% to $77.67.
Kempinski Hotels announced today that Alejandro Bernabe has replaced chief executive officer of nearly 20-years, Reto Wittwer.
The company, which runs corporate travel arm FCm Travel Solutions and leisure travel company Flight Shop, will invest about Rs 20 crore.
The company which runs corporate travel arm FCm Travel Solutions along with leisure travel company Flight Shop will add 24 stores to its existing 12 stores with an investment of approximately Rs 20 crores.
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